eBureau, a St. Cloud, MN-based provider of predictive analytics and information solutions, closed a $5m venture loan facility.
Horizon Technology Finance Corporation (Nasdaq:HRZN), a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and cleantech industries, provided the financing.
The company intends to use the funds for working capital purposes.
Launched in 2007 by Gordon Meyer, President and Chief Executive Officer, eBureau provides a suite of predictive analytics and real-time information solutions for companies to acquire customers, manage risks and maintain customer relationships.
Clients from numerous industries rely on its business and consumer scoring, identity verification, authentication, location and monitoring services to data-driven decisions about consumers and businesses.
The company, a wholly-owned subsidiary of xTech Holdings, Inc., is backed by Redpoint Ventures, Split Rock Partners, and Tenaya Capital.
FinSMEs
16/04/2015